§ 20-56. Definitions.

For the purposes of this article, the following words and terms shall have the meanings ascribed to them in this section:

Machinery and tools: As defined in sections 58-412, 58-834 and other sections of the Code of Virginia and as otherwise amended or redefined by the General Assembly.

Merchants' capital: As defined in sections 58-410, 58-411, 58-412, 58-832, 58-833 and other sections of the Code of Virginia and as otherwise amended or redefined by the General Assembly.

Tangible personal property: As defined in sections 58-829 through 58-831.2 and other sections of the Code of Virginia and as otherwise amended or redefined by the General Assembly.

Taxpayer: Any person, business, firm, corporation or other entity owning tangible personal property, machinery and tools or merchants' capital located in the county or the towns of Rocky Mount and Boones Mill on January first of any year is considered to be a taxpayer.

(Ord. of 12-19-77, § 17-50)

(Ord. of 12-19-77, § 17-50)